Milford Center, OH—43045
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milford Center, OH
As of Oct '25, the median home price in Milford Center, OH is $305,000, with a year-over-year change of 0.3%. This indicates that home prices in Milford Center, OH are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $305,000 | 0.3% |
| Single Family | $305,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | -0.9% |
3 Bed | $315,000 | 1.3% |
4 Bed | $379,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milford Center, OH
Milford Center, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Milford Center, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Milford Center, OH is 27. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 63.0% |
Listing Count | 7 | 78.0% |
| Listings as % of Homes | 0.2% | 78.0% |
Days on Market | 27 | -42.0% |
Demographics — Milford Center, OH
As of the latest ACS Survey released in 2023, Milford Center, OH has a population of 1,660, which has decreased by -16.0% over the past 5 years. Milford Center, OH is a popular place for families, as children make up 27.7% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,660 | -16.0% |
% Under 18 | 27.7% | 22.0% |
% Seniors | 16.2% | 32.8% |
% WFH | 6.7% | 48.9% |
% w/ College Degree | 30.6% | -2.2% |
As of the latest ACS Survey released in 2023, Milford Center, OH is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Milford Center, OH is black, making up 2.4% of the population. Foreign-born residents account for 1.3% of the population in Milford Center, OH, and this percentage has increased by 333.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.0% | -13.1% |
% Black | 2.4% | ∞% |
% Hispanic | 0.2% | -92.6% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 1.3% | 333.3% |
Mortgage and Risk — Milford Center, OH
According to HUD data as of 2023, there were 73 mortgage originations in Milford Center, OH, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Milford Center, OH. Investor activity is low, as 0.0% of loans were by investors. 29.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 29.0% |
Loan Activity
Rentals and Section 8 — Milford Center, OH
Milford Center, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,340 |
| 3 Bedroom | N/A | N/A | $1,620 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Milford Center, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $305,000 |
| Median Household Income | $103,000 |